Thank you Richard

Thank you Richard for helping us implement the big idea we had after viewing an episode of ‘Selling Houses Australia’.

We are very happy with what we did as it added to our lifestyle & maybe increased the capital value by a multiple of the 2k we spent.

We also were keen to see another episode in Wonderland & where Neville Shute wrote about.

This was a classic reason why the house had to be sold. It was too big & they wanted to unlock some capital to have a lifestyle & downsize now that he was to retire.

The numbers were fascinating.

It had been on the market for nine months @ 985k & hadn’t sold. So the team added their big idea of renovating the house & block for 30K.
This included removing minskips of knick knacks stuff some of which large $ would have been spent.

If only this had been invested over time then there would have been a large capital sum as well there & maybe not the trauma required in house selling.

It was sold at 830K & then there are the sale costs out of it. I.e. ‘lost’ 155K + 30k +21k RE com + SD.

Say 20% loss.

Scary & some early discipline would have reduced the waste.

Would this be you later? The baby boomers are there NOW which suggest house prices will deflate.

Lets remind ourselves that if you want to enjoy a lifestyle later then some discipline is required today.

Remember a 50k income later requires a 1M capital. This is almost twice as important as the house. So a 75K retirement lifestyle income needs 1.5M.

After spending too much time on our block & assisting Richard with implementing our Big idea we are in sympathy with those clients who are downsizing to smaller blocks.

As we discussed with Matt this week unless a family is earning a gross 105K+ then you can’t afford a house.

Simply a family needs 60K+ to live on. It has a mortgage demanding 25K+p.a. to pay. Then the income to earn all that is taxed say 20k.

We also recalled when we didn’t want a 2nd car.

So is a struggle for most who are not in the public service.

This is indicated by the 50B on credit cards. Matt is contributing to that. Do we buy or sell bank shares for that reason?

Hence every one with a mortgage needs a big idea to escape the rat race.

Is there anything bigger than having the taxx man subsidise your mortgage payments over time.

That is what our PCMS* does.

It also builds towards that 1M you need to have some lifestyle.

Will your super provide you with all that?

However it can’t be done online by yourself even though the concept is very simple.

Sorry Kevin.

There are also some parameters that you must have to qualify.

E.g. can you save $10+per day & are you prepared to take some risk as you don’t want to end up as others do.


We have had other events recently.

E.g. Sam falling off a ladder, yep a Molly, & smashing his leg. He is self employed & with no income protection it is now up to his diminutive wife to clean the trucks. Hard to do when 2 young children & mortgage & business debts.

There is an insurance estimator on our sites to help you with the concept & investment.

We also met Ruti from www.bullion1.com.au who reminded us why gold is money.

We added two other big reasons for gold & invested some for the future. We had recently attended a Hunter Hall presentation where they have 5% of their portfolio in gold. They aren’t the only fund manager to do so.

We read that Visa payments have increased by 10% p.a since Visa listed. Inflation is 10% & Not 3% so you need to do better.

We also discussed with Ruti that those who have had a second relationship generally have bigger mortgages & much less time to achieve an escape from the rat race. They especially need the big idea to accelerate their financial progress.

Here we are to provide the big idea that may help you out of the rat race.

Today we read ‘FAMILIES will pay about $150 a year more for health cover from April 1 after the government approved an average 5.06 per cent premium rise’.

Is there a solution for that? Yes 2.

Big ideas generally provide Leverage to you. A little in today & a bigger multiple later.
Is that what you want?

As Julie wrote today ‘Procrastination is the grave in which opportunity is buried’.

Welcome to call on 07 3848 1088 or email info@wealthcoach.net.au or visit our websites & we are willing to help the willing.


John McAuliffe